is a business line of credit based on your personal credit?

August 13, 2009 2 Comments

Ive incorporated my nonprofit and the credit card options are starting to pour in. My concern is that my personal credit will negativly effect my business credit if I apply. Any info would be great.
Yes,any financial institution that would extend a business line of credit,relies on the applicant credit background,since this gives an idea of how reliable the business owner is…..

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2 Responses to “is a business line of credit based on your personal credit?”

  1. scorp August 14, 2009 at 3:31 am

    unfortunately– it can… until you build business good pay records
    References :

  2. ZGML August 14, 2009 at 4:16 am

    Yes,any financial institution that would extend a business line of credit,relies on the applicant credit background,since this gives an idea of how reliable the business owner is…..
    References :